Refund Policy for Educational Institute
Here's a sample refund policy for an educational institute, in a concise format:
* Application/Registration Fees: Non-refundable under any circumstances.
* Course Commencement: No refunds will be issued once the course or program has officially begun.
* Withdrawal Before Course Start:
* If a student withdraws [e.g., 15 days] or more before the official course start date, [e.g., 80% of tuition fees] may be refunded.
* If a student withdraws [e.g., less than 15 days] before the official course start date, [e.g., 50% of tuition fees] may be refunded.
* Partial Attendance/Mid-Course Withdrawal: No refunds for partial attendance or withdrawal after the course has commenced.
* Exceptional Circumstances: Refunds outside this policy may be considered on a case-by-case basis for documented medical emergencies or other extenuating circumstances, at the sole discretion of the institute management.
* Processing Time: Approved refunds will be processed within [e.g., 30-45] working days from the date of approval.
* Mode of Refund: Refunds will typically be made via the original payment method or through bank transfer.
* Non-Transferable: Fees are non-transferable between students or programs.
Please Note:
* This is a general template. You should customize the percentages and timelines to fit your institute's specific policies and regulatory requirements.
* It's advisable to have legal counsel review your final refund policy to ensure compliance.
